Banana is the only coin whose price is very stable recently that I have observed.
There is almost no drop. The main reason is that the primary market is hot recently.
Banana is also the token I like most besides Sui BNB
This project has been promoted several times in historical tweets.
Banana's average daily income is around 150,000 U
Annual income is about 37 million U
The current APR yield is around 20%.
Compared with the previous period, the income and yield have doubled.
This is also the reason that supports price increases.
Of course, the primary market will be bad in the future and bot income will decrease
Purchasing power will also weaken
There are practical applications, income, and dividends to token holders. This is why I am optimistic.
The current VC tokens are basically useless compared to DeFi in 21 years
The project has no source of income and the token has no power
Continuously giving users rewards through airdrops leads to price drops
But Banana Holder is the one with a sustainable flywheel model.
This is the only new currency I think is worth investing in for the long term this year.
If the bull market comes, the primary market will definitely be very hot
Both project revenue and token holding revenue will increase accordingly.
Real projects are tied to users.
And there are no pain points such as VC token release.
Banana's listing on Binance:
Opened at 60U, peaked at 78U, then dropped all the way to 8.05 Black Swan
Around 30U, then pulled up to 63U, fell back to 33U, until today's 48U
In general, banana prices have been rising this year.
Since it was launched in October last year, the price has been around 8U.
The highest price before it was listed on Binance in July was 55U.
But as Binance's first HOLD token
800,000 tokens were given out. That is 2.4 million to 3.2 million
33% of the chips were issued, so the price trend is not good after listing on Binance
A big part of the reason is that Binance’s 800,000 tokens have not been digested well.
Including the current Binance address, there are only 800,000 tokens
When it was first launched, there were about 1 million tokens on Binance.
That is to say, only 200,000 old chips were charged into the platform for shipment on Binance.
(These 200,000 tokens should be purchased by arbitrageurs because they are listed on Binance)
If there is no airdrop of tokens by Binance, I think its trend will definitely be higher than it is now.
Much better.
As for whether prices will continue to rise in the future
I think it depends mainly on
Bot's revenue growth.
